Buncombe, IL
Population 341 · Illinois
About Buncombe, IL
Buncombe is a small community located in Illinois with a population of 341 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,500 per year, which is 17% below the national median of $75,149. The median age of 26.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Buncombe features a median home value of $0, which is 100% below the national median of $244,900. This makes Buncombe one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 121 total housing units, 79% are owner-occupied (76 units) and 21% are renter-occupied (20 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buncombe shows an unemployment rate of 13.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.4%, above the national average of 12.4%. Workers in Buncombe have an average one-way commute time of 25.2 minutes.
Education & Demographics
11.7% of Buncombe residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 8.5% White, 9.7% Hispanic or Latino, 1.5% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Buncombe, IL
Compared to national averages, Buncombe has a median household income of $62,500 (17% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Buncombe's income is 17% below the state average of $75,072, and home values are 100% below the state median of $165,779.
Why Live in Buncombe, IL?
Buncombe offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($62,500) that falls below the national average. However, Buncombe’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buncombe has a population of 341 with a median age of 26.2 years. Compare Buncombe with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Buncombe
What is the population of Buncombe, IL?
The population of Buncombe, IL is 341 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Buncombe?
The median household income in Buncombe, IL is $62,500 per year, which is 17% below the national median of $75,149.
What is the median home value in Buncombe?
The median home value in Buncombe, IL is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buncombe?
The median monthly rent in Buncombe, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Buncombe?
The unemployment rate in Buncombe, IL is 13.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Buncombe, IL a good place to live?
Buncombe offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 341 and a median age of 26.2, the city appeals to young professionals and families.
How educated is Buncombe, IL?
11.7% of residents in Buncombe aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Buncombe?
Key cost-of-living indicators for Buncombe, IL: median home value is $0 (100% below national), median rent is $0/month, and median household income is $62,500. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Buncombe?
The poverty rate in Buncombe, IL is 16.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Buncombe, IL?
Buncombe's population is 8.5% White, 9.7% Hispanic or Latino, 1.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.